The comedy industry is ganging up stock picker Jim Cramer of "Mad Money". John Stewart of all people is lambasting him for not forseeing the financial crisis that caught most of Wall Street by surprize. What is going on here?
But isn't it obvious? This is not about whether Cramer picks stocks well or not or has a good crystal ball. It is about the fact the Cramer dared
to criticize Obama harshly and effectively from his very prominent pulpit. Mad Money has a huge audience, and Cramer went off on what Obama is doing to the stock market. Repeatedly calling Obama
a "Leninist"! That's pretty strong talk, and for that he must be punished. More than punished, he must be stopped. This is a campaign to shut Cramer up. This is just more Saul Alinsky
and it's actually pretty creepy stuff. It's sending the message to those in the media who dare to criticize the O that the White House's pet media will go after you personally if you do. I don't know if there's such a thing as comedic integrity, but for Stewart, I think ideology comes first. Notice the response is not to defend Obama but to try to discredit Cramer, and his network CNBC as well. His critics are trying to get Cramer's bosses to lean on him too. I don't think it is too conspiratorial to suspect the White House is, let's say, following this dust up carefully.
And it's not just the comedy industry either. Last night the Lehrer News Hour had a pathetic segment on Jim Cramer which consisted of two or three talking heads I had never heard of saying things like, "yeah, somebody should call Cramer to task, yeah, yeah", making me think of the Monty Python routine "She's a witch!". Then some guy from Business Week said, Business Week is not Cramer!
I think there is something to the meme that people like Cramer are the enemy of Obama because Cramer believes in a version of the American Dream that is just incompatible with what apparently is the goal of our young president. Not an ownership society but a society in which everybody depends on the government. Cramer seems to have seen the light and is now a sort of John the Baptist in reverse, saying to all who will listen "He's Not the One After All!!" No wonder they want to take him down.
Anyway, for what it's worth, I urge everybody who has a moment to tune into Mad Money on CNBC and support Cramer. I don't ever believe what stock pickers say, but listening to Jim rant is good clean fun. I'm sure there must be drinking games that could be organized around his show. What's being done to him is gutter Chicago politics, and people should see that and do what they can to oppose it. Cramer may be right or wrong about GE, Walmart or Amalgamated Tarsands, but the man's got stones and does not deserve to be taken down by a bunch of sleezy flacks posing as public guardians while they get encouraged by our new Squid Overlords in DC.